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...From his assorted holdings, Post created a company whose title is fitted to his horizons: Greatamerica Corp. Its assets of $900 million make it the U.S.'s biggest life insurance holding company. Currently, it embraces American Life, Franklin Life, Gulf Life (whose control Post bought from Fellow Texans Clint and John Murchison for $17.5 million) and a company with the lapel-clutching name of Amicable Life...

Author: /time Magazine | Title: High Finance: The Quiet Texan | 11/30/1962 | See Source »

...founded the company in a Long Island garage 33 years ago (among the others: Swirbul and Chairman Leroy Grumman, now 67). Quiet and unassuming, Towl (pronounced Toll) runs less of a one-man show than colorful Jake Swirbul did. When asked to name the big moment in his career, Clint Towl grins. "Tomorrow." With that LEM contract in his pocket, he is undoubtedly right...

Author: /time Magazine | Title: Aerospace: Grumman in Orbit | 11/16/1962 | See Source »

...York's embattled Alleghany Corp. went Bertin Clyde Gamble, 64, the ex-Minnesota farm boy who heads the $140 million-a-year Gamble-Skogmo merchandising chain. Gamble, who recently bought 1,500,000 shares of Alleghany stock from Texas wheeler-dealers John Murchison and his brother Clint Jr., could yet emerge as the big winner in the feud between the Murchisons and New Jersey Financier Allan P. Kirby, who still owns 33% of Alleghany's common. Like Kirby and the Murchisons, Gamble is interested in Alleghany because it owns 47% of Minneapolis' Investors Diversified Services...

Author: /time Magazine | Title: U.S. Business: Personal File: Oct. 19, 1962 | 10/19/1962 | See Source »

Only half-jokingly, Clint Murchison once laid down a maxim that "a man is worth twice what he owes...

Author: /time Magazine | Title: Investigations: Decline & Fall | 5/25/1962 | See Source »

...with the projected merger of the Norfolk & Western (of which it owns 32.7%) and the Nickel Plate; 2) after a titanic proxy fight, control of Alleghany Corp.-the holding company that controls the Central-passed from Robert Young's associate, Financier Allan P. Kirby to the Texas brothers, Clint and John Murchison, and Perlman found himself working for new bosses who insisted that the solution to the problems of the Eastern railroads lay in merger. Reopening negotiations, the two lines called in a trio of prestigious investment banking houses-Morgan, Stanley & Co., the First Boston Corp. and Glore, Forgan...

Author: /time Magazine | Title: Railroads: Birth of the Penn Central | 1/19/1962 | See Source »

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